Hourly sideways trend

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  After hitting the 1851 area the ES has managed to go all the way back up to the 1904 area and is beginning to roll over as we close the day of trading on Wall Street.  We have a large ping pong area sideways from the 1904-1851 areas as we head into the FOMC announcement tomorrow.  The daily downtrend is still intact under the 1904 level...

ES 01262016 Close
ES 01262016 Close
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